Trading Summary - July 6. Ask at open was 269M
Post# of 1674
Ask at open was 269M - up only 9M from before the 1.505B was loaded on Friday.
Ask at open yesterday was 354M.
Convertible debt seller MM CFGN who was out at .0002 yesterday and moved up to .0003 is now way up at .0010.
Ask increased to a peak of 288M as a few one-tick flippers added 19M - still only 38M of the 1.505B loaded at .0001 by most probably institutional investors / large clients.
Bid increased at peak to 105M at .0001.
Ask in GTCs at close was 183M - so 105M in day trades from indecisive sellers who will probably hold for more on a serious move up.
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A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.